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Bulgaria's Agroenergy Invest REIT gets shareholders nod for 5.1 mln euro loan

Author Mario Tanev
Bulgaria's Agroenergy Invest REIT gets shareholders nod for 5.1 mln euro loan wrangler/Shutterstock.com

SOFIA (Bulgaria), January 14 (SeeNews) - Bulgaria's Agroenergy Invest REIT [BUL:6A7] said on Tuesday that its shareholders have approved the company's plan to take out a ten-year 5.115 million euro ($5.69 million) loan from ProCredit Bank Bulgaria.

The loan will carry an annual interest rate of 6m EURIBOR plus 1.8 basis points, but not less than 1.8%, Agroenergy Invest REIT said in a bourse filing.

The company's shares last traded on the Bulgarian Stock Exchange at a price of 1.01 levs apiece, translating into a market capitalisation of 28.2 million levs.

($ = 0.8983 euro)

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